SWNTX vs. VTEX
SWNTX (Schwab Tax-Free Bond Fund™) is Municipal Bonds fund managed by Charles Schwab, while VTEX (VTEX) is a stock. Over the past 3 years, SWNTX returned 3.39%/yr vs -7.75%/yr for VTEX. At a 0.10 correlation, their price movements are largely independent.
Performance
SWNTX vs. VTEX - Performance Comparison
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Returns By Period
In the year-to-date period, SWNTX achieves a 1.42% return, which is significantly higher than VTEX's -4.79% return.
SWNTX
- 1D
- 0.09%
- 1M
- 1.48%
- YTD
- 1.42%
- 6M
- 1.82%
- 1Y
- 6.36%
- 3Y*
- 3.39%
- 5Y*
- 0.60%
- 10Y*
- 1.64%
VTEX
- 1D
- -0.83%
- 1M
- 0.00%
- YTD
- -4.79%
- 6M
- -4.53%
- 1Y
- -43.97%
- 3Y*
- -7.75%
- 5Y*
- —
- 10Y*
- —
SWNTX vs. VTEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SWNTX Schwab Tax-Free Bond Fund™ | 1.42% | 4.20% | 1.57% | 5.09% | -8.57% | -0.74% |
VTEX VTEX | -4.79% | -36.16% | -14.39% | 83.47% | -65.02% | -57.29% |
Correlation
The correlation between SWNTX and VTEX is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jul 21, 2021 | 0.10 |
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Return for Risk
SWNTX vs. VTEX — Risk / Return Rank
SWNTX
VTEX
SWNTX vs. VTEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Tax-Free Bond Fund™ (SWNTX) and VTEX (VTEX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SWNTX | VTEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.49 | ||
| Sortino ratioReturn per unit of downside risk | +5.23 | ||
| Omega ratioGain probability vs. loss probability | 1.69 | 0.85 | +0.84 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | -0.77 | +2.99 |
| Martin ratioReturn relative to average drawdown | 7.25 | -1.10 | +8.35 |
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Drawdowns
SWNTX vs. VTEX - Drawdown Comparison
The maximum SWNTX drawdown since its inception was -13.26%, smaller than the maximum VTEX drawdown of -91.38%. Use the drawdown chart below to compare losses from any high point for SWNTX and VTEX.
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Drawdown Indicators
| SWNTX | VTEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.26% | -91.38% | +78.12% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -57.54% | +54.66% |
Max Drawdown (3Y)Largest decline over 3 years | -4.85% | -69.50% | +64.65% |
Max Drawdown (5Y)Largest decline over 5 years | -13.26% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -13.26% | — | — |
Current DrawdownCurrent decline from peak | -0.70% | -88.90% | +88.20% |
Average DrawdownAverage peak-to-trough decline | -1.89% | -79.08% | +77.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 40.19% | -39.31% |
Volatility
SWNTX vs. VTEX - Volatility Comparison
The current volatility for Schwab Tax-Free Bond Fund™ (SWNTX) is 0.74%, while VTEX (VTEX) has a volatility of 14.75%. This indicates that SWNTX experiences smaller price fluctuations and is considered to be less risky than VTEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWNTX | VTEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 14.75% | -14.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.85% | 33.01% | -31.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.42% | 51.91% | -49.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.49% | 61.03% | -57.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.57% | 61.03% | -57.46% |
Dividends
SWNTX vs. VTEX - Dividend Comparison
SWNTX's dividend yield for the trailing twelve months is around 3.45%, while VTEX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWNTX Schwab Tax-Free Bond Fund™ | 3.45% | 3.78% | 3.20% | 2.54% | 1.73% | 1.62% | 2.34% | 2.58% | 2.41% | 2.21% | 3.14% | 2.71% |
VTEX VTEX | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SWNTX and VTEX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTEX has higher volatility (14.75%) compared to SWNTX (0.74%). In terms of maximum drawdown, SWNTX dropped -13.26% vs VTEX's -91.38%.
SWNTX currently has the higher Sharpe Ratio (2.64 vs -0.85), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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